U.S. Wants Russia to Set Limits on Steel,
But Industry Is Likely to Fight Any Deal

By

Helene Cooper Staff Reporter of The Wall Street Journal

Updated Feb. 10, 1999 12:22 a.m. ET

WASHINGTON -- The Clinton administration, reluctant to act against Russia when it is down, is seeking a deal that would suspend a pending steel-trade decision against the Russians if they agree to limit exports of hot-rolled steel.

The U.S. steel industry is expected to oppose such an accord.

Administration officials want Russia to set the price of its hot-rolled steel at around $260 a ton, compared with current U.S. prices of...